Hexion Holdings LLC Subscription

Case No. 19-10684


Case Background

On May 23, 2019, Hexion Holdings LLC and its affiliate debtors and debtors in possession (together, the “Debtors”), filed the solicitation versions of their (i) Second Amended Joint Chapter 11 Plan of Reorganization of Hexion Holdings LLC and its Debtor Affiliates Under Chapter 11 of the Bankruptcy Code [Docket No. 446] (as may be amended from time to time, the “Plan”) and (ii) Disclosure Statement for Second Amended Joint Chapter 11 Plan of Reorganization of Hexion Holdings LLC and its Debtor Affiliates Under Chapter 11 of the Bankruptcy Code [Docket No. 447] (as may be amended from time to time, the “Disclosure Statement”).  Copies of the Plan and Disclosure Statement are available from Prime Clerk (the "Subscription Agent") and on the Debtors' restructuring website at http://www.omnimgt.com/HexionRestructuring

 

Important Information & Dates

HEXION RIGHTS OFFERING

Pursuant to the Plan, each Holder of an Allowed Notes Claim is being granted a subscription right (each, a “Right”) to purchase shares or membership interests, as applicable, of New Common Equity (the “Offered Shares”) of Hexion LLC or such other entity that issues the New Common Equity pursuant to the Plan (the “Company”), as more fully described in these Rights Offering Procedures. The Allowed Notes Claims are claims arising under or based upon the First Lien Notes, the 1.5 Lien Notes, the Second Lien Notes, the Borden 2021 Debentures, or the Borden 2023 Debentures (collectively, the “Notes”).

The Offering of the Offered Shares is referred to as the "Rights Offering."

Subscription Commencement Date: Wednesday, May 22, 2019

Subscription Expiration Deadline: Friday, June 14, 2019 at 5:00 p.m. (Prevailing Eastern Time)


Dates

June 14 2019 Hexion Rights Offering Expiration 5:00 p.m. HEXION RIGHTS ... Add to Calendar

Parties

Debtors' Counsel

  • Latham & Watkins LLP

    885 Third Avenue
    New York, New York   10022
    https://www.lw.com/
    Phone: 212.906.1200
    Fax: 212.751.4864

    George A. Davis
    Andrew M. Parlen
    Hugh Murtagh

  • Richards, Layton & Finger, P.A

    One Rodney Square
    920 North King Street
    Wilmington, Delaware   19801
    http://www.rlf.com/
    Phone: 302.651.7700
    Fax: 302.651.7701

    Mark D. Collins
    Michael J. Merchant
    Amanda R. Steele